2025-2034 Distributed Energy Resources Management System (DERMS) Market Evolution: Disruptions, Innovations, and Untapped Opportunities

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What Is the Expected CAGR for the Distributed Energy Resources Management System (DERMS) Market Through 2025?
The market size of the distributed energy resources management system (DERMS) has experienced swift expansion in the past few years. It is projected to surge from $0.95 billion in 2024 to $1.11 billion in 2025, reflecting a compound annual growth rate (CAGR) of 16.9%. The historic growth can be credited to the growing infusion of renewable energy, uptick in investments in smart grid structure, favorable government legislation, and rising investment in converting the grid to digital.

What's the Projected Size of the Global Distributed Energy Resources Management System (DERMS) Market by 2029?
In the coming years, we can expect a swift growth in the market for distributed energy resources management system (DERMS), projecting to reach $2.04 billion in 2029 with a compound annual growth rate (CAGR) of 16.5%. This predicted development during the forecasted era relates to the growing emphasis on decarbonization and sustainability, a high demand for energy, and increasing energy efficiency. Moreover, there will be broader adoption of internet of things (IoT) technology. In the same forecasted time frame, market trends will include enhanced focus on new product development, entrance of new markets, technological progress, debut of novel products and services, and integration of smart grid technologies.

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Top Growth Drivers in the Distributed Energy Resources Management System (DERMS) Industry: What's Accelerating the Market?
The expected growth of the distributed energy resources management system (DERMS) market is due largely to the growing usage of renewable energy sources. These sources are natural or processes that continually renew, supplying electricity or heat. Sunlight and wind are among the types of renewable energy sources. Various factors, including environmental concerns, cost-effectiveness, policy backing, technological progress, and public demand for sustainable energy options, contribute to the noticeable surge in renewable energy sources usage. DERMS play a critical role in enhancing the integration and regulation of diverse energy sources like solar panels and wind turbines, thereby enhancing grid reliability and efficiency and supporting the generation of renewable energy. For example, the U.S. Energy Information Administration, a US-based statistical and analytical agency, reported in January 2024 that solar power production is projected to soar by 75%, increasing from 163 billion kilowatt-hours (kWh) in 2023 to 286 billion kWh by 2025. Furthermore, wind power production is expected to see an 11% rise, escalating from 430 billion kWh in 2023 to 476 billion kWh in 2025. As a result of these increasing investments in renewable energy sources, the DERMS market is on an upward trajectory.

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What Trends Will Shape the Distributed Energy Resources Management System (DERMS) Market Through 2029 and Beyond?
Significant businesses involved in the spread-out energy resources management system (DERMS) sector are concentrating on the creation of innovative platforms, like the distributed energy resource management systems (DERMS) platform. The goal is to facilitate the incorporation and control of distributed energy resources (DERs) within grid systems. The DERMS platform is an effective software solution intended to manage, coordinate, and optimize distributed energy resources within an electric power distribution network. For example, Swell Energy, a U.S.-based firm engaged in energy management and intelligent grid solutions, unveiled its GridAmp software, a DERMS platform, in February 2022. This platform incorporates distributed energy resources such as solar energy and battery storage into virtual power plants (VPPs), thus enhancing the abilities of utility grids. By utilizing optimization algorithms and machine learning, it is designed to maximize revenue across utility and customer streams. GridAmp effectively collaborates on various grid services, supporting a broad range of energy objectives at the level of customers, utility, and wholesale markets. Furthermore, GridAmp helps improve customer engagement and the overall value in the renewable electricity sector through advanced VPP management. It supports the production, consumption, and transactions of renewable electricity.

What Are the Main Segments in the Distributed Energy Resources Management System (DERMS) Market?
The distributed energy resources management system (DERMS) market covered in this report is segmented -

1) By Software: Virtual Power Plant (VPP), Management And Control, Analytics
2) By Application: Solar, Energy Storage, Wind, Electric Vehicle (EV) Charging Stations, Other Applications
3) By End-User: Residential, Commercial, Industrial And Utilities

Subsegments:
1) By Virtual Power Plant (VPP): Aggregation And Optimization Software, Demand Response Management Software, Energy Trading And Market Integration Software
2) By Management And Control: Grid Management Software, Load Forecasting And Demand-Side Management Software, Asset And Resource Scheduling Software
3) By Analytics: Predictive Analytics Software, Real-Time Monitoring And Reporting Software, Energy Consumption And Efficiency Analytics Software

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Which Top Companies are Driving Growth in the Distributed Energy Resources Management System (DERMS) Market?
Major companies operating in the distributed energy resources management system (DERMS) market are Enel S.p.A., Siemens AG, General Electric Company, Oracle Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Emerson Electric Co., Doosan Corporation, Generac, Engie SA, Itron Inc., Open Access Technology International Inc., Uplight Inc., AutoGrid Systems, Opus One Solutions, EnergyHub, Spirae LLC, Kitu Systems, PXiSE Energy Solutions, Connected Energy, Blue Pillar

Which Regions Will Dominate the Distributed Energy Resources Management System (DERMS) Market Through 2029?
North America was the largest region in the distributed energy resources management system (DERMS) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the distributed energy resources management system (DERMS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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